Equity

BGF World Real Estate Securities Fund

Overview

Important Information: Capital at Risk. The value of investments and the income from them can fall as well as rise and are not guaranteed. Investors may not get back the amount originally invested.

All currency hedged share classes of this fund use derivatives to hedge currency risk. The use of derivatives for a share class could pose a potential risk of contagion (also known as spill-over) to other share classes in the fund. The fund’s management company will ensure appropriate procedures are in place to minimise contagion risk to other share class. Using the drop down box directly below the name of the fund, you can view a list of all share classes in the fund – currency hedged share classes are indicated by the word “Hedged” in the name of the share class. In addition, a full list of all currency hedged share classes is available on request from the fund’s management company

To the extent the Fund undertakes securities lending to reduce costs, the Fund will receive 62.5% of the associated revenue generated and the remaining 37.5% will be received by BlackRock as the securities lending agent. As securities lending revenue sharing does not increase the costs of running the Fund, this has been excluded from the ongoing charges.

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Performance

Performance

This chart has been left intentionally blank as there is less than one year's performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.
Returns not available as there is less than one year’s performance data.

The figures shown relate to past performance. Past performance is not a reliable indicator of future performance. Markets could develop very differently in the future. It can help you to assess how the fund has been managed in the past

Share Class and Benchmark performance displayed in NZD, hedged share class benchmark performance is displayed in USD.

Performance is shown on a Net Asset Value (NAV) basis, with gross income reinvested where applicable. The return of your investment may increase or decrease as a result of currency fluctuations if your investment is made in a currency other than that used in the past performance calculation. Source: Blackrock

Key Facts

Key Facts

Net Assets of Fund
as of 04-Oct-2024
USD 172’764’444.66
Fund Launch Date
25-Feb-2013
Base Currency
USD
Constraint Benchmark 1
FTSE EPRA Nareit Developed Index (Net) in NZD
Initial Charge
0.00%
Management Fee
0.00%
Performance Fee
0.00%
Domicile
Luxembourg
Management Company
BlackRock (Luxembourg) S.A.
Dealing Settlement
Trade Date + 3 days
Bloomberg Ticker
BGWEX2N
Share Class launch date
04-Sept-2024
Share Class Currency
NZD
Asset Class
Equity
SFDR Classification
Other
Ongoing Charges Figures
0.03%
ISIN
LU2872721118
Use of Income
Accumulating
Regulatory Structure
UCITS
Morningstar Category
-
Dealing Frequency
Daily, forward pricing basis
SEDOL
BNG1JP5

Portfolio Characteristics

Portfolio Characteristics

Number of Holdings
as of 30-Sept-2024
66
3y Beta
as of -
-
P/B Ratio
as of 30-Sept-2024
1.59
Standard Deviation (3y)
as of -
-
P/E Ratio
as of 30-Sept-2024
30.19

Sustainability Characteristics

Sustainability Characteristics

To be included in MSCI ESG Fund Ratings, 65% (or 50% for bond funds and money market funds) of the fund’s gross weight must come from securities with ESG coverage by MSCI ESG Research (certain cash positions and other asset types deemed not relevant for ESG analysis by MSCI are removed prior to calculating a fund’s gross weight; the absolute values of short positions are included but treated as uncovered), the fund’s holdings date must be less than one year old, and the fund must have at least ten securities. MSCI Ratings are currently unavailable for this fund.

Business Involvement

Business Involvement

Business Involvement metrics can help investors gain a more comprehensive view of specific activities in which a fund may be exposed through its investments.


Business Involvement metrics are not indicative of a fund’s investment objective, and, unless otherwise stated in fund documentation and included within a fund’s investment objective, do not change a fund’s investment objective or constrain the fund’s investable universe, and there is no indication that an ESG or Impact focused investment strategy or exclusionary screens will be adopted by a fund. For more information regarding a fund's investment strategy, please see the fund's prospectus.


Review the MSCI methodology behind the Business Involvement metrics, using links below.

MSCI - Controversial Weapons
as of 30-Sept-2024
0.00%
MSCI - Nuclear Weapons
as of 30-Sept-2024
0.00%
MSCI - Civilian Firearms
as of 30-Sept-2024
0.00%
MSCI - Tobacco
as of 30-Sept-2024
0.00%
MSCI - UN Global Compact Violators
as of 30-Sept-2024
0.00%
MSCI - Thermal Coal
as of 30-Sept-2024
0.00%
MSCI - Oil Sands
as of 30-Sept-2024
0.00%

Business Involvement Coverage
as of 30-Sept-2024
98.71%
Percentage of Fund not covered
as of 30-Sept-2024
1.26%
BlackRock business involvement exposures as shown above for Thermal Coal and Oil Sands are calculated and reported for companies that generate more than 5% of revenue from thermal coal or oil sands as defined by MSCI ESG Research. For the exposure to companies that generate any revenue from thermal coal or oil sands (at a 0% revenue threshold), as defined by MSCI ESG Research, it is as follows: Thermal Coal 0.00% and for Oil Sands 0.00%.

Business Involvement metrics are calculated by BlackRock using data from MSCI ESG Research which provides a profile of each company’s specific business involvement. BlackRock leverages this data to provide a summed up view across holdings and translates it to a fund's market value exposure to the listed Business Involvement areas above.


Business Involvement metrics are designed only to identify companies where MSCI has conducted research and identified as having involvement in the covered activity. As a result, it is possible there is additional involvement in these covered activities where MSCI does not have coverage. This information should not be used to produce comprehensive lists of companies without involvement. Business Involvement metrics are only displayed if at least 1% of the fund’s gross weight includes securities covered by MSCI ESG Research.

ESG Integration

ESG Integration

ESG integration is the practice of incorporating financially material environmental, social and governance (ESG) data or information into the investment decision process with the objective of enhancing risk-adjusted returns of our clients’ portfolios. Unless otherwise stated in Fund documentation or included within the Fund's investment objective, inclusion of this statement does not imply that the Fund has an ESG-aligned investment objective or strategy, but rather describes how ESG data or information is considered as part of the overall investment process.

The Fund manager includes ESG considerations in the initial screening, sourcing and due diligence phases of the investment process. This may include the use of internal ESG due diligence templates to identify, analyze and document key ESG risks, and the use of thematic environmental, social and governance information sourced from both primary sources and third-party data providers, where available. Where appropriate, identified material ESG risks are included in Investment Committee materials and discussed at relevant Investment Committee meetings. This information may broadly inform investment decisions: ESG criteria are considered in combination with other information. The Fund manager also considers environmental, social and governance criteria during post-investment monitoring and conducts regular portfolio risk reviews between the investment team and BlackRock’s Risk and Quantitative Analysis group. These reviews include the analysis and discussion of portfolio exposure to material ESG risks, where appropriate.

 

Risk Indicator

Risk Indicator

1
2
3
4
5
6
7
Low Risk High Risk
Typically low rewards Typically high rewards

Ratings

Portfolio Managers

Portfolio Managers

Raj Rehan
Raj Rehan
James Wilkinson
James Wilkinson
Benjamin Tai
Benjamin Tai

Holdings

Holdings

as of 30-Sept-2024
Name Weight (%)
EQUINIX REIT INC 5.87
PROLOGIS REIT INC 4.47
AVALONBAY COMMUNITIES REIT INC 3.79
EXTRA SPACE STORAGE REIT INC 3.64
WELLTOWER INC 3.30
Name Weight (%)
REGENCY CENTERS REIT CORP 3.22
MID AMERICA APARTMENT COMMUNITIES 2.82
VICI PPTYS INC 2.73
AGREE REALTY REIT CORP 2.70
VENTAS REIT INC 2.40
Holdings subject to change

Exposure Breakdowns

Exposure Breakdowns

as of 30-Sept-2024

% of Market Value

Type Fund Benchmark Net
as of 30-Sept-2024

% of Market Value

Type Fund Benchmark Net
as of 30-Sept-2024

% of Market Value

Type Fund Benchmark Net
as of 30-Sept-2024

% of Market Value

Type Fund Benchmark Net
Negative weightings may result from specific circumstances (including timing differences between trade and settle dates of securities purchased by the funds) and/or the use of certain financial instruments, including derivatives, which may be used to gain or reduce market exposure and/or risk management. Allocations are subject to change.

Pricing & Exchange

Pricing & Exchange

Investor Class Currency NAV NAV Amount Change NAV % Change NAV As Of 52wk High 52wk Low ISIN
Class X2 NZD 25.19 0.11 0.44 04-Oct-2024 25.64 24.85 LU2872721118
Class A2 USD 16.48 -0.10 -0.60 04-Oct-2024 16.92 12.44 LU0842063009
Class A6 Hedged HKD 104.50 -0.68 -0.65 04-Oct-2024 107.57 82.32 LU2190626999
Class X10 USD 9.30 -0.06 -0.64 04-Oct-2024 9.58 7.30 LU2471419015
Class X2 Hedged AUD 11.47 -0.07 -0.61 04-Oct-2024 11.76 8.69 LU1336573396
Class D2 Hedged CHF 10.55 -0.07 -0.66 04-Oct-2024 10.84 8.25 LU1791183350
Class X2 USD 15.52 -0.10 -0.64 04-Oct-2024 15.93 11.53 LU1271663749
Class A6 USD 10.13 -0.07 -0.69 04-Oct-2024 10.43 7.92 LU1499592464
Class X2 EUR 14.14 -0.02 -0.14 04-Oct-2024 14.27 12.21 LU2781074187
Class X2 CAD 21.08 -0.07 -0.33 04-Oct-2024 21.56 15.93 LU2552632692
Class X5 AUD 11.41 0.01 0.09 04-Oct-2024 11.84 9.31 LU2609979559
Class A10 USD 10.87 -0.07 -0.64 04-Oct-2024 11.23 8.85 LU2533724196
Class D6 USD 10.56 -0.06 -0.56 04-Oct-2024 10.86 8.16 LU2521848999
Class A8 Hedged CNH 100.97 -0.66 -0.65 04-Oct-2024 103.74 78.87 LU1499592621
Class D2 USD USD 13.92 -0.09 -0.64 04-Oct-2024 14.29 10.44 LU0842063264
Class A6 Hedged SGD 10.19 -0.07 -0.68 04-Oct-2024 10.49 8.11 LU2190626643
Class E2 EUR 11.89 -0.02 -0.17 04-Oct-2024 12.01 9.34 LU1219733679
Class X2 AUD 22.83 0.02 0.09 04-Oct-2024 23.54 18.09 LU2379649002

PRIIPs Performance Scenarios

PRIIPs Performance Scenarios

The EU Packaged Retail and Insurance-Based Products Regulation (PRIIPs) prescribes the calculation methodology, and publication of the outcomes, of four hypothetical performance scenarios regarding how the product may perform under certain conditions and for such to be published on a monthly basis. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back. What you will get from this product depends on future market performance. Market developments in the future are uncertain and cannot be accurately predicted. The unfavourable, moderate, and favourable scenarios shown are illustrations using the worst, average, and best performance of the product, which may include input from benchmark(s) / proxy, over the last ten years.
Recommended holding period : 5 years
Example Investment NZD 15’000
Scenario
If you exit after 1 year
If you exit after 5 years

Minimum

There is no minimum guaranteed return. You could lose some or all of your investment.

Stress

What you might get back after costs
Average return each year
9’850 NZD
-34.3%
5’420 NZD
-18.4%

Unfavourable

What you might get back after costs
Average return each year
11’180 NZD
-25.5%
14’390 NZD
-0.8%

Moderate

What you might get back after costs
Average return each year
15’650 NZD
4.3%
17’760 NZD
3.4%

Favourable

What you might get back after costs
Average return each year
19’830 NZD
32.2%
25’510 NZD
11.2%

The stress scenario shows what you might get back in extreme market circumstances.



Literature

Literature